Wednesday, August 19, 2009

News: Rotherham print firm sold in management buy-in


Print Week reports that Rotherham print firm, Pega Print has undergone a management buy-in, with funding provided by The Royal Bank of Scotland.

John Savage has acquired the entire share capital from the company's founders, Gary Wood and Stephen Niemas. Both Gary and Stephen will remain with the business for a short period of time to ensure a smooth transition.

Pega Print was established in 1985 and is based in Treeton. The business specialises in trade print services for large blue-chip clients and public sector organisations including Green Flag, Scottish Water, RAC and South Yorkshire Police.

John is an experienced businessman who has previously held senior management positions in the motor industry and also ran his own business. Funding for the purchase was provided by RBS Invoice Finance and Lombard, the asset finance division of RBS. Sheffield-based accountants Hawsons advised on the transaction.

John Savage told Print Week: "Pega Print is a strong business that benefits from a skilled workforce and has an excellent reputation in the market based on the quality of the products they deliver. I am confident that I can use my experience to develop some new ideas which will help the business to grow and develop further."

Pega Print website


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